Shri Mohanty, currently serving as the Chief Executive Officer and Managing Director (erstwhile Chairperson) of LIC of India, one of the world’s leading insurers, brings with him a wealth of experience and academic credentials. He holds a Bachelor’s degree in Law and a Master’s degree in Arts (Political Science) from Utkal University, Bhubaneswar, Odisha, along with a Post Graduate Certification in Business Management from the Xavier Institute of Management, Bhubaneswar, Odisha. He has been at the helm of LIC since April 29, 2023.

Before the present role, Shri Mohanty served as Managing Director of the Corporation. LIC underwent significant transformation at that point to become a listed entity. Prior to becoming Managing Director, Shri Mohanty played pivotal roles in various capacities within LIC, including COO and CEO of LIC Housing Finance Limited. During his long and illustrious career, he has held various core positions in LIC of India, such as, Senior Divisional Manager of multiple Divisions, Chief (Legal), Chief (Investment – Back Office), Executive Director (Legal), amongst others. During his tenure as Chief (Legal), Mumbai, the Corporation won the “Best Insurance In-House Legal Team of the Year” Award.

Beyond LIC, Shri Mohanty chairs the boards of several national and international subsidiaries and associate companies. Additionally, he holds key positions such as Chairperson of the Council of Insurance Ombudsman, Chairman of the Governing Board of the National Insurance Academy, and membership in the Council of the Institute of Actuaries of India.

His leadership style, marked by innovation, analytical prowess, and strategic acumen, has consistently delivered success across diverse assignments. With a comprehensive understanding of the industry landscape, he advocates for digital transformation and investment in competency development as essential pillars for LIC's continued success.

 

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